Long Term Prospects for Property Market Remain Positive

CapitaLand has been in Vietnam for nearly 20 years. We are committed to being a long-term real estate developer in the country. CapitaLand will continue to contribute to the Vietnamese economy by hiring and nurturing a strong local team. Despite the current market difficulties, we will complete and hand over our quality developments to homebuyers on schedule. Also, when the real estate market warms up, we will be ready to launch other residential projects. Specifically, our residential project in Hanoi, Mulberry Lane, will be completed soon and handed over to homebuyers progressively from Q3/2013. We believe that Mulberry Lane is going to be one of the best residential developments in Hanoi.

We first invested in Vietnam in 1994 and have faced many challenges over the years. We have also gone through many difficulties and real estate downturns in the country. However, despite all the challenges and difficulties, we have invested and are managing a large portfolio of properties – both residential and serviced apartments in Vietnam. We remain positive on the long term prospects of Vietnam and are committed to being a long term real estate developer in Vietnam.